Question

An education budget went from $800,000 to $900,000. what is the approximate percent increase?

Answer 1

First, calculate the difference between the two given budgets. $900,000 - $800,000 = $100,000. Divide the difference obtained by the original budget and then multiply by 100%
                              ($100,000 / $800,000) x 100% = 12.5%

Thus, the answer to the question above is that the percent increase is 12.5%.

Answer 2

Answer: 12.5 %

Step-by-step explanation:

Previous education budget=$800,000

Next education budget= $900,000

Increase in education budget= Next education budget-Previous education budget

$=\ 900,000-\ 800,000\\=\ 100,000$

Percent increase$=\frac{\text{Increase in education budget}}{\text{Previous education budget}}\times100$

$=\frac{\ 100,000}{\ 800,000}\times100$

$=\frac{1}{8}\times100\\\\=12.5\%$

The approximate percent increase is 12.5%.